I think it all boils down to what you are borrowing for. If it is to invest, i have no issue. However, when you borrow you get trapped. I have learnt this the hard way

Of course, borrowing for business is a different scenario, but then, it's turns into a trap as yoh said, and it gets difficult to get out. The idea that you have money lying around that can be used is intoxicating... Lol